Rise in car loan interest rates observed in Belarusian banking sector
🎉 Money Matters in Belarus 🇧🇾
Financial News Focus: Rising Interest Rates on Car Loans 🚗
Hey there! Let's chat about the latest buzz in the Belarus banking scene. Some of your favorite banks have started tinkering with interest rates on various consumer credit products—including car loans! As always, we'll keep an eye on updates from Myfin.by for all the deets. 📰
First off, Belagroprombank has raised the interest rate during the grace period of its "Belgee s50 Vehicle Acquisition" loan to a stiff 10% per year. Not too cool, huh?
Well, Belarusbank isn't far behind, hiking the interest rate on their "Belgee s50 Vehicle Acquisition" loans, too.
Bank VTB isn't thinking about lending for long, slashing maximum loan terms for the "Unsecured Vehicle" loan from groovy 7 years to just 5.
On the bright side, Bank BelVEB is chopping the interest rate on its "For Belarusian Goods" loan, making it possible to snag a loan for 2-6 months at just 14.9% per annum (that's a whole percentage point less! 🎉)
But wait, there's more: Bank BelVEB has also bucked the trend, decreasing the interest rate on its "For Consumer Needs" loan. The new rate? 18.18% per annum for a 37-60-month loan term—that's a significant drop by 1.81 percentage points! 🤑
Stay tuned as we keep an eye on more changes—and remember to check out Myfin.by for the most up-to-date financial news in Belarus!
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The banking-and-insurance sector in Belarus is experiencing changes in interest rates for car loans. For instance, Belagroprombank, Belarusbank, and Bank VTB have modified their interest rates on vehicle acquisition loans. On the contrary, Bank BelVEB has reduced the interest rate on its "For Belarusian Goods" loan and its "For Consumer Needs" loan. The finance industry is closely monitoring these shifts, with Myfin.by providing the latest updates.
